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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.

Asia 97
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BYD and UzAuto to form NEV production JV in Uzbekistan

Green Car Congress

BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan.

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IDTechEX: solid-state battery market will grow to $8B by 2031

Green Car Congress

A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. As well as the companies just mentioned, Honda, Fisker, Panasonic, CATL also got involved in this area.

Market 418
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VinES and Li-Cycle announce strategic, long-term battery recycling agreement

Green Car Congress

Consistent with Li-Cycle’s strategy for growing recycling capacity in conjunction with customer demand, the Aagreement further contemplates the possible construction of a dedicated Spoke located close to VinES’ manufacturing site. An investment decision regarding the dedicated Spoke facility is expected to be made in 2025.

Vietnam 352
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Consortium invests $80M in silicon anode company Nexeon; strategic partnership with SKC

Green Car Congress

Through this transaction, Nexeon enters into a strategic partnership with SKC, a major global battery and semiconductor materials company, for volume manufacturing of its silicon anode materials. In addition, SKC plans to provide differentiated solutions to customers by maximizing synergy with SK nexilis, a manufacturer of copper foil.

Companies 186
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Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe

Green Car Congress

Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential. million cars by mid-decade, which it aims to meet with a global manufacturing footprint spanning Europe, the US and Asia.

Slovakia 273
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Honda Aircraft Company introdues first Certified Pre-Owned (CPO) program for HondaJet

Green Car Congress

Honda Aircraft Company announced its first Certified Pre-Owned program (CPO), providing an exclusive and alternative pathway to owning a HondaJet with a guarantee of quality and support. The new CPO program is now available to customers across the Americas, Europe, and Asia through the company’s authorized sales network.

Honda 195